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Tuesday, August 7, 2012

MGM Resorts (MGM) reported earnings Tue 7 Aug 2012

MGM Resorts International (MGM, $10.14, +$0.76, +8.11%) swung to a second-quarter loss, weighed down by impairments and tax provisions. Shares surged, however, as the casino operator recorded improved hotel performance at its Las Vegas strip resorts and as its CityCenter business turned in a modest profit.

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